| HK composite interest rate down |
| Last Updated(Beijing Time):2012-05-17 18:44 |
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Hong Kong's composite interest rate dropped by three basis points from 0.42 percent at the end of March to 0.39 percent at the end of April, the city's Monetary Authority announced Thursday.
The composite interest rate is a measure of the average cost of funds of banks. The decline mainly reflected a decrease in the weighted funding cost for deposits, the authority said. |
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